Las Vegas Sands Corp. (LVS) Shares Bought by Moneta Group Investment Advisors LLC

Moneta Group Investment Advisors LLC boosted its position in Las Vegas Sands Corp. (NYSE:LVS) by 56.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,265 shares of the casino operator’s stock after acquiring an additional 2,620 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Las Vegas Sands were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LVS. Arrowstreet Capital Limited Partnership boosted its position in Las Vegas Sands by 203.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,269,398 shares of the casino operator’s stock valued at $157,700,000 after buying an additional 1,522,664 shares during the period. UBS Asset Management Americas Inc. boosted its position in Las Vegas Sands by 127.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,670,729 shares of the casino operator’s stock valued at $185,589,000 after buying an additional 1,497,974 shares during the period. Schroder Investment Management Group boosted its position in Las Vegas Sands by 484.8% during the fourth quarter. Schroder Investment Management Group now owns 1,673,818 shares of the casino operator’s stock valued at $116,314,000 after buying an additional 1,387,592 shares during the period. OppenheimerFunds Inc. boosted its position in Las Vegas Sands by 2,470.9% during the first quarter. OppenheimerFunds Inc. now owns 1,153,096 shares of the casino operator’s stock valued at $82,908,000 after buying an additional 1,108,244 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Las Vegas Sands by 40.9% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,937,858 shares of the casino operator’s stock valued at $134,662,000 after buying an additional 562,874 shares during the period. 37.45% of the stock is currently owned by institutional investors and hedge funds.

Las Vegas Sands opened at $78.90 on Thursday, Marketbeat.com reports. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 1.14. The stock has a market cap of $62.11 billion, a PE ratio of 25.95 and a beta of 1.67. Las Vegas Sands Corp. has a 1-year low of $59.16 and a 1-year high of $80.88.

Las Vegas Sands (NYSE:LVS) last posted its earnings results on Wednesday, April 25th. The casino operator reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.19. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.37 billion. Las Vegas Sands had a net margin of 28.32% and a return on equity of 36.43%. Las Vegas Sands’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. sell-side analysts predict that Las Vegas Sands Corp. will post 3.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 20th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.80%. Las Vegas Sands’s dividend payout ratio is currently 98.68%.

Several analysts have issued reports on LVS shares. Morgan Stanley upped their price target on shares of Las Vegas Sands from $83.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, April 19th. Zacks Investment Research upgraded shares of Las Vegas Sands from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research report on Monday, April 30th. Telsey Advisory Group started coverage on shares of Las Vegas Sands in a research report on Tuesday, March 13th. They set a “market perform” rating and a $76.00 price target for the company. ValuEngine upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Las Vegas Sands from $74.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, April 26th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.00.

In other news, COO Robert G. Goldstein sold 39,155 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $76.00, for a total transaction of $2,975,780.00. Following the completion of the sale, the chief operating officer now directly owns 39,155 shares in the company, valued at $2,975,780. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Las Vegas Sands Company Profile

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore.

Want to see what other hedge funds are holding LVS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Las Vegas Sands Corp. (NYSE:LVS).

Institutional Ownership by Quarter for Las Vegas Sands (NYSE:LVS)

Receive News & Ratings for Las Vegas Sands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Las Vegas Sands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply